Beanworks Blog
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ePayments
The Case For Phasing Out Checks For Good
Checks are still the primary payment method in B2B payments, accounting for 40% of all transactions. This stands in stark contrast to the digital experience today’s organizations are striving to build.
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ePayments
Empower AP with Real-Time Vendor Payment Updates
With Beanworks AP automation, companies can look up the status of vendor payments anytime and from anywhere. By automating AP, all documents are stored in real-time and accessible from the cloud, making visibility and transparency a guarantee.
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ePayments
How To Choose The Right Payment Method For Your Business
There are now many different payment methods to choose from. How do you find the one which is best for your company?
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ePayments
Vendors Are Changing Payments Habits Fast. Can Businesses Keep Up?
Even before the pandemic, vendors were facing trouble collecting payments from businesses. However, COVID-19 may have forced accounting departments to step-up their digitization efforts.
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ePayments
The Game-Changing Cross-Border Payments Every AP Team Needs
The B2B cross-border payments market is predicted to reach USD $35 trillion by 2022. The partnership between Beanworks AP automation and global payments provider, Cambridge can help companies move in that direction.
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ePayments
What is a Virtual Credit Card? How to Get One?
One research study found 9,708 instances of compromised credit card data in only the first quarter of 2019. Right now, one of the biggest financial risks is credit card fraud.
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ePayments
Getting Ready for the Digital Payments Phase
Payments trends from the past decade indicate that businesses are turning away from checks. According to the Association for Financial Professionals, 81% of B2B organizations used checks in 2004. In 2019, this was down to an all-time low of 42%.
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ePayments
Virtual Credit Cards Are the Modern Day Early Payment Discount
Early payment discounts are a time-honored tradition in business-to-business (B2B) transactions. Suppliers who offer these types of discounts win by ...
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ePayments
The Biggest Barrier to Entry for Electronic B2B Payments in the US
Accounting teams across North America rely too heavily on paper checks as their primary form of payment to vendors. Not ...
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ePayments
How to Combat Payment Fraud with Accounts Payable Automation
This past August, accounts payable staff at MacEwan University in Edmonton made a simple change to vendor banking information that ...
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ePayments
Enhance the Payments Experience on QuickBooks Online
QuickBooks Online (QBO) was launched by Intuit in 2010 as a web-based accounting platform for small and medium-sized businesses, following ...
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ePayments
Is Your Business Ready for Virtual Credit Cards?
How would you evaluate your current vendor payments workflow? If your business is still spending time printing and mailing your ...
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ePayments
Now Available: BeanPay with Automated Check Payments
Since beginning to offer electronic payments earlier this year, we have been overwhelmed with your positive feedback and excitement to ...
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ePayments
Same Day ACH Payments Set to Start at US Financial Institutions in Fall 2016
Starting on September 23, 2016, Same Day ACH Payments are set to start at US financial institutions which will have ...
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ePayments
Break Up with Paper Checks this February 14th: Why ePayments Will Be Your Best Valentine Yet
February can be a tricky time in the accounting world. Year end is wrapping up, tax deadlines are fast approaching, ...
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